2024 Office Space Rent & Sales
- $19.51 2024 Avg. Asking Rent
- -1.40% Y-o-Y Avg. Asking Rent Change
- 11.36% 2024 Office Vacancy Rate
Akron office price per square foot in 2024 was $19.51 on average. This marked a -1.40% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 11.36% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- Akron Class A & A+ Office Space$20.81
- Akron Class B Office Space$16.43
- Ohio Class A & A+ Office Space$23.67
- Ohio Class B Office Space$18.24
- Ohio Class C Office Space$14.24
Akron, OH Office Asking Rents by Class
2024 Office Vacancy Rates in Akron
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Akron | $20.84 | 14.95% |
| South Summit County | $9.41 | 26.15% |
Office Spaces for Rent in Ohio
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Coworking Spaces in Ohio
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2024 Office Construction in Akron, OH
| Office building | Address | SF | Completed |
|---|---|---|---|
| White Pond Crossing | 540 White Pond Drive, 44320 | 35,000 | 2017 |
| The East End | 1201 East Market Street, 44305 | 4,480,000 | 2015 |
| Gateway Park | 690 White Pond Drive, 44320 | 35,047 | 2015 |
| 701 White Pond Drive | 701 White Pond Drive, 44320 | 44,587 | 2010 |
| Neuroscience Center | 701 White Pond Drive, 44320 | 44,587 | 2010 |
| 755 White Pond Drive | 755 White Pond Drive, 44320 | 45,427 | 2005 |
| 450, 460 & 470 White Pond Drive | 450 White Pond Drive, 44320 | 37,360 | 2000 |
| Ghent Road Office Park - 395 Ghent Road | 395 Ghent Road, 44333 | 85,686 | 1999 |
| Main Place | 121 South Main Street, 44308 | 110,000 | 1992 |
| Embassy Park - 4040 Embassy Pkwy | 4040 Embassy Pkwy, 44333 | 50,556 | 1991 |
Worth noting among recent office completions on the Akron market is White Pond Crossing, which is currently the largest new office development in the city, at 35,000 square feet.
See reports for other markets
- Cincinnati Office Rent Price
- Columbus Office Rent Price
- Cleveland Office Rent Price
- Dayton Office Rent Price
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- Seattle Office Rent Price
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Akron commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.